Where am I?
Home > Chronicles > Economy > World
Sunday, November 22 2009 00:14h
WORKPLACE STUDY
Job Security Tops U.S. Workers` Concerns - Study
The online survey was conducted Dec. 3 to Dec. 11 among 469 workers at mid-sized and large companies.
Job Security Tops U.S. Workers` Concerns - Study
The Newest Articles
A trader works on the floor of the New York Stock Exchange

Author
Author
Reuters
Illustrative photo
TEXT
Published: January 14, 2009 19:07h
The economic crisis has pushed job security to the top of the list of concerns of U.S. workers who, just months ago, cited the balance of work and family as their highest priority, a study released on Wednesday showed.

Having adequate benefits protection emerged as the second most important concern in the study of U.S.-based workers by global professional services firm Towers Perrin.

The online survey was conducted Dec. 3 to Dec. 11 among 469 workers at mid-sized and large companies. A similar survey was conducted in August.

Amid the barrage of bad news about the economy, job losses and credit woes, workers are shifting their priorities to security and benefits, said Emmett Seaborn, a Towers Perrin official, in a statement accompanying the findings.

"In an economic downturn, employees want to lock down the things they need to provide stability and security for themselves and their families -- a steady salary and basic health care coverage typically top that list," Seaborn said.

Last month, the top concern was job security, at 59 percent, followed by benefits protection and achieving a work-family balance. In August the top three concerns were a work-family balance, at 51 percent, followed by job security and having quality co-workers.

Some 45 percent of workers said they faced a higher risk of job loss in December than they had faced in August, and 55 percent said that the risk of their earnings hitting a plateau or declining had increased.

Workers last month voiced more satisfaction with their pay, up to 56 percent from 50 percent in August, the study said. More employees said in December they fully apply their skill and abilities at work and were personally motivated to help their company succeed.

Working for a successful organization with a strong future emerged among the top five concerns in December, while maximizing earnings fell from August's top-five list.

Employees have grown more concerned with stabilizing their incomes than with maximizing them, Seaborn said.

"They're willing to give in the short term, to get in the longer term," he said. "That's why we actually see less dissatisfaction with pay during periods like this. It's part of an implicit agreement that we'll weather the storm together, and the rewards will come later."

The margin of error was plus or minus 4.5 percentage points, Towers Perrin said.

Related Articles
ADS
ROLLS-ROYCE

Rolls-Royce says car market picking up in Asia

The Britain-based carmaker had a bumper year in 2008 when it sold a record 2,012 cars...
WALL STREET

Wall Street down on technology jitters

The Dow Jones Industrial Average dipped 10.95 points (0.11 percent) in opening trades...
GOLD PRICE

Gold rockets to record high above 1,150 dollars

Traders said the dollar's overall weak tone was due to the prospect of US interest rates...
TAKEOVER

Volkswagen board approves Porsche takeover

The company said it wanted to "modernise and expand its product line" and to enter "new...
GOLD PRICES

Gold demand climbs quarter-on-quarter

In dollar terms, the value of global gold consumption advanced almost 13 percent to 24.7...
CHOCOLATE MAKERS

Hershey and Ferrero will buy Cadbury?

The news could remould the chocolate-making sector with a takeover costing more than 10.0...
APEC

Obama joins APEC leaders for dress-up dinner

The leaders were to be treated to a spread of Singapore cuisine -- made less spicy and...

ADS
------------------
Copyright © 2006-2009 Javno.com   All rights reserved.